Gunosy Recently Secured An Undisclosed Amount of Funding From KDDI.

Gunosy Recently Secured An Undisclosed Amount of Funding From KDDI.

The Japanese developer of a newsreader application for smartphone and tablets, Gunosy Inc, has recently manage to secure an investment round made that amounts up to 1.2 billion yen ($11.8 million ), leading this recent round of funding would be KDDI Corp.

Investors.

The nation’s biggest venture capital firm, Jafco co, and Tokyo-based B Dash ventures Inc. had also decided to join KDDI during this deal, Gunosy said on a released statement on its website. KDDI is making its second investment into Gunosy, which was originally founded during 2012, following an initial funding round during March, according to the statement.

Japan’s third-largest wireless carrier by market value, ha been making some investment into mobile application develoeprs as competition for new subscribers continue to intensify amid the declining population. Gunosy’s application, which presents news content from more than 50 Japanese media and divides them into customizable categories, have been downloaded over more than 3 million times since it was introduced back during January 2013.

Gunsoy.

Gunosy has become the second-most popular news application on Apple’s Japanese app store and on Google Play store as well, after software developed by Yahoo Japan, according to data available from App Annie this month. Gunosy main objective it to gain over 100 million downloads globally during the coming three years.

At the moment the amount that been invested into Gunosy, but A spokesperson from Gunosy has confirmed that the deal did actually happen. Spokesperson from Jafco also declined to make any comments on this recent investment, while B Dash Ventures has as of yet to respond to the email seeking out further inquiry on this recent uptake.